Bitcoin Forum

Hi everyone,

I am looking to buy mining hardware in bulk sale. I am talking to some manufacturers and I can get some pretty good price per TH/s with shipping to Canada. However, I'm also willing to buy used stock for those who wants to liquidate their operations.

Here are my buying rates (February 19 2015) with shipping paid by seller to Joliette, Quebec, J6E8E3:
     

Shipping:
- Shipping to Canada may be expensive, but there are ways to make it less painful.
- Shop your prices from many suppliers. I think USPS would be best in your case. I know that if I ship with Paypal, the fees tends to be lower.
- Try to put at least 30 kg of stock in the same boxes. Buy new boxes if needed. Cost per kg could be 40% cheaper this way!
- For large orders and reasonable fee, I may be able to drive to Plattsburgh and pick them there. You could ship them to this UPS Store http://plattsburgh-ny-6270.theupsstorelocal.com/products--services/package-receiving-services and it could be a lot cheaper. The fee for this service would be 100 USD + 5 USD / package. Sellers: You can coordinate yourself to send your package at the same time and split the 100 USD fixed fee.

Reputation:
- I want to pay with Paypal since it offers buyer protection. I won't do escrow since it doesn't solve the problem and expose ourself to another unknown party. Those are my terms, you are not forced to deal with me if you disagree with the use of Paypal, so please, don't get irritated by the existence of this post.
- All I can do is trying to be transparent and you can judge by my Internet presence if it's worth the risk. Hopefully, I'll gain some reputation on this forum so it will become less an issue.
- eBay profile: http://www.ebay.ca/usr/maximead

Thank you,

Since you have no trust and are a brand new user you're likely going to have a difficult time getting anyone here to let you pay via PayPal, and you're highly unlikely to find anyone willing to ship to you first.

I have 11.4TH of Antminer S3s with PSUs that I could sell you, but I'd need payment up front in BTC or we'd need to use escrow.

Hi quakefiend420,

Since I pay with Paypal, you will receive the funds before shipping. The only thing is that I am eligible for buyer's protection from Paypal. So, if things go wrong and you don't ship, there can be a chargeback.

I won't do payment upfront in BTC.

Thank you,

And if things go right and we do ship you can still perform a chargeback and rip someone off.  There's many reasons this whole Bitcoin thing even exists, and PayPal's shoddy business practices is just one small one.  If you're not willing to trust a known escrow or a known trader on here with tons of successful trades, why should anyone be willing to trust you?

Max, since you're a new member without any trust rating i would suggest you use an escrow like OGNasty. Not only you'll able to create you some trust on this forum but it will also protect yourself and the seller at the same time. It's a win-win situation

Just my 2 cents :P

Good luck !

Hi quakefiend413 and HerbPean,

Yes, I know escrow are quite popular here! Paypal is also some kind of escrow, just saying!

I may revise my position and accept escrow service in the future once I evaluate them. But for now, I will work with Paypal :)!

Thank you for the advice,

They are, sort of...but it's pretty common knowledge that they basically always side with the buyer, no matter what.  Even in the face of overwhelming evidence it takes an act of congress to get them to agree with a seller if there's a dispute.  Many of us who trade a lot have been burned by PayPal in the past even when we were obviously in the right.  I accept it as payment occasionally from members here, but only if they have a solid reputation.

Not trying to crap on your thread, but since you're new I thought I'd explain a bit about how and why we do things around here! :)

Good luck finding your gear!

Nobody will ever do paypal, good luck!

Hi,

I'm hearing you. I would accept to use an established escrow for a 4% fee for the inconvenience. Original post is updated.

Thank you,

Ok, now I am kinda crapping on your thread.

lulz, r u srs bro?

Hi quakefiend420,

You just lost an opportunity to sell your mining hardware.

Have a nice day,

No, you lost the opportunity to buy mine when you wanted to impose a ridiculous 4% fee to use an escrow when you have 1 post and no feedback whatsoever.  Get real.

Hi quakefiend420,

I cannot not charge for escrow as I currently have sellers willing to sell through Paypal directly. That would be unfair to them. Those are my terms and I understand some may disagree with them.

I encourage you, however, to continuously take a look at this post since I'm planning to update my rates weekly.

Thank you,
Maxime

I'll let all those sellers beating down your door to use PayPal send you hardware, I'll pass.  Good luck.

JESUS CHRIST!!!!!

Listen NOBODY will ACCEPT PAYPAL as a PAYMENT because there are TONS of PAYPAL SCAMS out there.

Even sellers on eBay which claims to have Seller Protection are scared to sell with Paypal because usually when there is a chargeback they usually end up losing money.


You BEST suggestion is to buy LOCALLY on Kijiji or Craiglists. Mining equipment is HEAVY and shipping will up the prices.

Hi,

Thank you for the suggestion. I will also offer my bids on those sites.

Hi,

I added shipping advices in my original post. There is an opportunity to ship to the Plattsburgh UPS Store to save costs!

So you only take PayPal because of buyer protection, and then suggest an option that invalidates buyer and seller protection.. Well thought out..

What do you mean?

Buyer and seller protection are only valid if shipped to the verified address on the Paypal account, alternative shipping invalidates the policy... Frankly I'd rather sell to you via Paypal that way with documentation from you of alternative shipping arrangements since I don't need to worry about you trying to use buyer protection..

Good to know and thanks for the info. Well, it will be up to the seller to go with what he considers safer considering the cost. But I think it could work anyway: https://www.paypal.com/ca/webapps/mpp/security/seller-protection-faq (Canadian page, but there should be a similiar US one) . It doesn't say it have to be shipped to the confirmed address, only to the address on the invoice. If I accept the invoice with the shipping address of the UPS Store and you can provide a proof that you shipped there, I shouldn't be able to open a dispute because you shipped where you were supposed so!

Hello Maxime

Since you are from Joliette, you speak french so let switch to french. Translation in english below.

Bonjour Maxime

Les gens qui t'ont expliquer le problème avec Paypal ont tous raison. Je suis un mineurs du Québec tous comme toi et je suis sur le forum depuis déjà plus d'un an. Il est important pour toi de comprendre que dans le monde de la crypto, le "trust" est très important car il y a déjà eu au cours des dernières années, plusieurs situations d'arnaques. Bon maintenant, la seul façon de fonctionner adéquatement pour un nouvel utilisateur comme toi, est de payer en Bitcoin et d'utiliser un escrow. Tu devras payer l'escrow (OgNasty demande 1% et c'est un des meilleurs de la communauté). Je sais que cela est peut etre un peu plus compliqué mais cela risque d'être plus sécuritaire autant pour toi que pour les vendeurs.

quakefiend420 est un mineur bien connu de la communauté et je te conseillerais d'écouter les conseils des gens qui sont très actifs sur le forum. Ils ont certainement beaucoup plus d'expérience que toi.

Ceci étant dis, je te souhaite la bienvenue sur le forum et bonne chance dans ton projet de mining.

English:
Hi Maxime

What people told you in this thread were all right. Im a miner from Quebc and I have been on the forum for more than a year. You need to understand that in crypto, trust is really important because a lot of scam happen everyday. So now, they only way to buy stuff for a new user like you, will be to buy in BTC and use a escrow. You will need to paid they escrow (OgNasty charge 1% and is one of the best in the community) I know it will probably be more complicated but it will be more safe for you and the seller.

quakefiend420 is a well know miner in the community and I suggest you to listen to the advice of actif people on the forum. They probably have way more experience than you.

On that, I wish you good luck and welcome aboard.

Cheer

Valkir

Hi,

I'll go directly in English so everybody will be able to read!

I just don't understand why is everyone so irritated that I offer to buy with Paypal. It's simply an offer, I do not force people to sell to me. I do not put gun to someone's head to deal with me.. I just publicly tell my rates and offer to buy through Paypal. After a refusal, I respectfully say that I understand and pass along.

I don't see where an escrow is different from Paypal. The malicious buyer could tell he received rocks instead of miners and the escrow wouldn't know who is malicious between the seller and the buyer. With Paypal, I'm not quite sure how someone can fraud continuously. The user's reputation will go down and Paypal could investigate the user behaviour. Moreover, Paypal is often linked to a verified address and bank account of the user, it is not easily replicable as an anonymous identity on the web.

It looks like a tempest in a teapot from my point of view. No one is forced to deal with me if they disagree with the terms. I do not think I'm a public nuisance for this forum as I contribute with pricing information. I also got two orders now that I paid with Paypal and all went (and will go) well with the seller.

From my stand point it wasn't that you were using Paypal (I support it in almost all of the threads where I am selling) but that you were pointing out the protections Paypal offers and then almost side stepping them with the offer to ship to a UPS store in the states, on one hand I get it band have friends there so it almost makes sense but it makes solid buyer and seller protection hard as the he said/she said stuff can get tough..

In any case I wish you well, I have a bunch of SP20s with PSUs I can sell you but your rates aren't quite high enough for me, and I do support Paypal, and if you have the UPS store on your PP account it would work..

Price update! Unfortunate decrease in rates because I want to install what I will receive before investing more.

Price updated.

So you are buying in one thread for $140 and selling in another thread for basically $300

Yes Sherlock.

I tried the other way around, but I found out it would prevent me doing business in the long run.. ::)

I understand and you are not breaking any rules against doing so but at least you could of registered another nickname. Some might not be too happy that you are just raising the prices of these miners for personal gain.

Why should I try to hide the fact that I am ready to buy and sell? There is nothing to be ashamed for. The only thing that matters is that, for a specific trade, both traders profit from it.

No both traders with you actually lose profit because you are the middle men pretty much.

Somebody sells at a loss to you and somebody overpays from you.

You are benefiting nobody but yourself.

If they are losing, please explain why they would freely trade with me?

Because you are paying very little to whoever is selling and you are charging too much for whoever is buying.


Mining is already tough as it is and you make it harder to make a profit when you take a large amount for yourself.

You didn't answer my question.

The obvious answer is that they are not losing. If someone is willing to trade with me is because it benefits him. My goal is not operate at loss but to provide liquidity in the market of used miners.

If my price are not fair, you are free to compete them.

Because they are a sucker. People selling at the prices you are offering are likely both desperate for money and do not know how to sufficiently protect themselves.

Your "offer" to accept escrow but only with ah 4% fee only exaggerates this fact.

Well, I do not see another deep liquid trader buying at higher rates. I think the price I offer are fair. You should offer more, it will help sellers on this forum.



The use of the Paypal escrow has no fee.

PayPal is not an escrow. As mentioned many times they almost always favor the buyer

^thats the entire pojnt of being a middle man. I routinely buy used mining equipment when the price is right (such as the S2 auction), and then advertise it locally for sale.

I probably make $300-600/month through local resales of gear like the S3 or SP20, around 30% ROI.

If MaximeAD can find both buyers and sellers at the prices advertised, I see no problem. OP makes profit, sellers ditch inefficient gear, buyers get local without needing to acquire BTC first or deal with overseas imports and delivery time. Capitalism at its finest :)

Bump. Update in prices.

MaximeAD

I have 4 antminer s3 +, have 45 days of life, what you give me for all 4? ;D

Where are you located

PM'd

I italy, 350$ for 4x s3+ veri little, sorry